Post
Topic
Board Securities
Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
by
will
on 13/08/2013, 02:41:08 UTC
Would suggest you get DT or someone to confirm that issuers don't keep (or receive as 'management fees') any IPO funds (they're all used to grow the mine)

Confirmed (see FAQ 2, Q4).

before repeating again that they don't receive anything until investors have recouped their investment.  

See IPO wording @ bottom:
Clause added in benefit of public shareholders
No dividends will be paid to the holders of private shares until holders of public shares have received an accumulated dividend of 0.0016 BitCoin per share.

As the issuers have never claimed or committed to that...

This statement is factually incorrect.